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Use the table for the question(s) below. Consider the following two projects with cash flows in $: Project Year 0 Year 1 Year 2 Year

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Use the table for the question(s) below. Consider the following two projects with cash flows in $: Project Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Discount C/F C/F C/F C/F C/F C/F C/F C/F Rate -79 20 25 30 35 40 N/A N/A 15% -80 25 25 25 25 25 25 25 16% Alpha Beta The payback period for project Alpha is closest to: 3.2 years. 2.6 years. 2.9 years. Correct Answer 3.1 years

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